PDF attached

 

Good
morning.

 

Lower
trade in ags as the USD is up 29, crude oil down 31 cents (8:13 am CT), and US equities lower.  We look for a good advancement of US harvest progress over the past week into this coming week.  Talk of Brail’s Mato Grosso and surrounding areas seeing slightly
more than expected rain Thursday into Friday may ease some concerns prior to planting progress. 

 

 

 

 

Weather

7-day

Map

Description automatically generated

 

World
Weather Inc.

WORLD
WEATHER HIGHLIGHTS FOR SEPTEMBER 24, 2021

  • Dry
    conditions occurred in many areas around the world Thursday
    • Locally
      heavy rain in northern India could have harmed a little cotton in Punjab.
  • China
    is getting ready for another bout of significant rain in the North China Plain and Yellow River Basin.
  • In
    the U.S. wheat areas in the Plains will experience a good bout of rain during the middle part of next week with some rain continuing into the following weekend.
    • Improved
      planting, germination and emergence conditions will result.
  • Russia’s
    wheat areas in the Volga Basin received some rain Thursday and more will occur into early next week to improve its wheat crop emergence and establishment.
  • The
    U.S. and Russia wheat weather will weigh in on market mentality today with some bearishness expected.
  • Argentina
    will see increasing rainfall during the middle to latter part of next week and that too will benefit its wheat crop and spring planting potentials.
  • Showers
    in Brazil’s center west and center south will be slow to evolve during the next two weeks, but a boost is expected that will gradually improve soybean planting potentials in center west and some center south crop areas.
    • Planting
      is already moving along in a few areas with Parana 3% done with soybean planting and Mato Grosso just beginning
  • Hurricane
    Sam will become a major hurricane in the next several days while staying over open water, but it will threaten Bermuda during mid-week next week and could move closer to southeastern Canada a week from now
  • Eastern
    U.S. Midwest, Delta and Southeastern States will experience a full week and maybe 10 days of dry weather which will be great for summer crop maturation and harvesting especially after recent rainy weather
  • Tropical
    Storm Mindulle will be closely monitored for possible influence on Japan late next week, but it may turn off to the northeast before getting there
  • Europe
    weather will be favorably mixed for a while
  • Eastern
    Australia is still expecting rain in the second week of the outlook favoring better wheat, barley and canola conditions in New South Wales and improved spring planting potential in Queensland
  • Canada’s
    Prairies harvest weather will remain good
  • Southeastern
    Canada rainfall recently has stalled farming activity and drier weather will evolve slowly over the next ten days

Source:
World Weather Inc. 

 

Bloomberg
Ag Calendar

Friday,
Sept. 24:

  • ICE
    Futures Europe weekly commitments of traders report (6:30pm London)
  • CFTC
    commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
  • Globoil
    India – international vegetable oil conference, day 2
  • FranceAgriMer
    weekly update on crop conditions
  • U.S.
    cattle on feed, hogs and pigs inventory, poultry slaughter, 3pm

Saturday,
Sept. 25:

  • Globoil
    India – international vegetable oil conference, day 3

Monday,
Sept. 27:

  • USDA
    export inspections – corn, soybeans, wheat, 11am
  • U.S.
    crop conditions – corn, cotton, soybeans; winter wheat planted, 4pm
  • Ivory
    Coast cocoa arrivals

Tuesday,
Sept. 28:

  • EU
    weekly grain, oilseed import and export data

Wednesday,
Sept. 29:

  • EIA
    weekly U.S. ethanol inventories, production
  • Vietnam’s
    General Statistics Office releases Sept. trade data
  • Brazil’s
    Unica releases sugar output and cane crush data (tentative)

Thursday,
Sept. 30:

  • USDA
    weekly crop net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
  • USDA
    quarterly stocks – corn, soy, wheat, barley, oat and sorghum, noon
  • U.S.
    wheat production, noon
  • U.S.
    agricultural prices paid, received, 3pm
  • Ivory
    Coast farmgate cocoa prices to be announced
  • Malaysia
    September palm oil exports
  • Port
    of Rouen data on French grain exports
  • HOLIDAY:
    Canada

Friday,
Oct. 1:

  • ICE
    Futures Europe weekly commitments of traders report (6:30pm London)
  • CFTC
    commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
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